Common use of Pension Funds/Rates Clause in Contracts

Pension Funds/Rates. All Pension contribution rates shall be frozen at those rates required by the applicable Pension Fund as of March 31, 2018 for the duration of this agreement. Neither the Company nor any Pension Fund is permitted to require contributions or payments of any assessments, co-pays, fees or surcharges from any employee or Union entity signatory hereto as a result of the frozen rate. The “one-punch” rule for pension contributions in the Chicago area pension funds shall apply where such rule applied prior to the 2013-18 ABF NMFA.

Appears in 4 contracts

Samples: National Master Freight Agreement, National Master Freight Agreement, Arcbest Corp /De/

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Pension Funds/Rates. All Pension contribution rates shall be frozen at those rates required by the applicable Pension Fund as of March 31, 2018 for the duration of this agreement. Neither the Company nor any Pension Fund is permitted to require contributions or payments of any assessments, co-pays, fees or surcharges from any employee or Union entity signatory hereto as a result of the frozen rate. The “one-punch” rule for pension contributions in the Chicago area pension funds shall apply where such rule applied prior to the 2013-18 ABF NMFA.. ​

Appears in 1 contract

Samples: Master Freight Agreement (Arcbest Corp /De/)

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Pension Funds/Rates. All Pension contribution rates shall be frozen at those rates required by the applicable Pension Fund as of March 31, 2018 for the duration of this agreement. Neither the Company nor any Pension Fund is permitted to require contributions or payments of any assessments, co-co- pays, fees or surcharges from any employee or Union entity signatory hereto as a result of the frozen rate. The “one-punch” rule for pension contributions in the Chicago area pension funds shall apply where such rule applied prior to the 2013-18 ABF NMFA.

Appears in 1 contract

Samples: Abf National Master Freight Agreement

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